TMK is a brand that brings Uzbekistan to the world stage in the field of critical minerals

The Uzbek Technological Metals Plant (TMK) became one of the key participants in the completed IV Tashkent International Investment Forum and demonstrated to the forum guests and foreign investors the country’s approach based on reserves of critical minerals and industrial potential.

During the forum, a panel session was held on the topic “Uzbekistan as a strategic center for critical raw materials: investment opportunities in the value chain,” which discussed advanced technologies and issues of diversification of these resources.

During the forum, a number of high-ranking guests visited the TMK stand, including the President Bulgaria Rumen Radev and Prime Minister of Slovakia Robert Fico, who got acquainted with investment projects on critical minerals implemented by the Uzbek Technological Metallurgical Plant.

Today, Uzbekistan is emerging as a new global center in the field of critical minerals, attracting the attention of the whole world. Therefore, within the framework of the forum, this strategic direction was also put forward as one of the main topics and was in the focus of attention of international investors and experts.

Created in 2024 on the initiative of President Shavkat Mirziyoyev, the Uzbek Technological Metals Plant (TMK) serves to realize the enormous potential in this area. TMK fully carries out the entire value creation cycle - from the extraction of raw materials to the production of metals and the production of products with high added value.

Currently, the plant is working on more than 70 investment projects covering over 25 types of important minerals. The total cost of these projects is US$1.6 billion.

TMK offers a cooperation model for foreign investors based on the principles of openness, long-term trust and sustainable partnership. Currently, the plant has established direct cooperation with leading financial and technological institutions in countries such as the USA, Germany, France, Great Britain, China, Denmark.

During the forum, there were many investors who highly appreciated the field of critical minerals in Uzbekistan and expressed a desire to establish cooperation with TMK. In particular, TMK representatives held meetings with more than 60 international companies, discussing issues of cooperation. Large companies such as the US International Development Finance Corporation, the European Investment Bank, the Swiss company SGS, the Japanese MITSUI & CO., LTD, the Turkish company Eskihisar and a number of others showed great interest in TMK’s projects.

In addition, a Memorandum of Understanding was signed at the forum between TMK and the American investment company Cove Capital. This document will make it possible to attract large investments in the field of technological metals, launch joint projects and global initiatives, and Uzbekistan will become a center supplying finished products to the most popular markets in the world. According to Cove Capital managing partner Pini Althaus, Uzbekistan is ready to become a supplier of value-added products from critical mineral raw materials to the United States and Europe.

Another important event of the Tashkent International Investment Forum was the signing of a Memorandum of Understanding between TMK and the Swiss company SGS. The main goal of cooperation is the systematic establishment of the Central Nano-analytical Laboratory created by TMK in partnership with SGS.

SGS Business Development Manager Valery Kim noted: “TMK is a fairly ambitious and large company, I hope that in the near future it will become a well-known brand on the world market. The signing of a memorandum between SGS and TMK will allow us to reach a new level in the field of scientific research.

IA Dunyo